A court has approved the agreements reached by the Commodity Futures Trading Commission (CFTC) with Caroline Ellison, the former head of Alameda Research, and Gary Wang, co-founder of FTX. Both individuals are prohibited from trading on regulated markets for a duration of five years. Additionally, Ellison has received a ten-year ban from registering with the CFTC, while Wang faces an eight-year ban.
The countdown for these bans starts from the initial court rulings made in December 2022. The CFTC decided against imposing further financial penalties, citing the cooperation of the involved parties with the investigation.